7, ARRAN CLOSE, HEYSHAM, MORECAMBE, LA3 2YD - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 ARRAN CLOSE is a midsized extended detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £289,781. It was last sold for £245,000 in June 2021, which was around 14% below the average June 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

7 ARRAN CLOSE Sold Prices

Land registry data shows three sales for 7 ARRAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 7 ARRAN CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 18 JUN	£245,000	£285,165	14% below HPI
2005 8 JUL	£164,500	£206,346	20% below HPI
2000 4 FEB	£59,000	£86,131	31% below HPI

7 ARRAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The three 7 ARRAN CLOSE sales between February 2000 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 ARRAN CLOSE be worth now?

7 ARRAN CLOSE might now be worth an estimated £289,781.

This is based on house price inflation of 18.3%, between June 2021 and December 2024, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.3% inflationary increase is applied to the most recent sale price for 7 ARRAN CLOSE of £245,000 on 18th June 2021. For the value to have increased from £245,000 to £289,781 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 7 ARRAN CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ARRAN CLOSE has not materially changed since June 2021.

How Large is 7 ARRAN CLOSE?

7 ARRAN CLOSE is 94m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heysham, and where 7 ARRAN CLOSE lies on this distribution: 43% of detached houses houses are smaller than 7 ARRAN CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Heysham.

7 ARRAN CLOSE: Plot and Title Map

7 ARRAN CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 7 ARRAN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 ARRAN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 ARRAN CLOSE?

7 ARRAN CLOSE is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 7 on ARRAN CLOSE.